Blackstone acguires debt on WTC 7. An interesting read.

http://forum.prisonplanet.com/index.php?topic=24048.0

So 11 months before 9/11 this article comes out ….

http://www.accessmylibrary.com/coms2/summary_0286-28446975_ITM

Blackstone Acquires Debt On 7 World Trade Center.

Business Editors

NEW YORK–(BUSINESS WIRE)–Oct. 17, 2000

Blackstone Real Estate Advisors, the global real estate investment and
management arm of The Blackstone Group, L.P., announced today that it has
purchased, from Teachers Insurance and Annuity Association, the participating
mortgage secured by 7 World Trade Center, a commercial office complex
controlled by real estate developer Larry Silverstein.

Located in downtown Manhattan, 7 World Trade Center is a 47 story, Class A,
office tower containing 2 million square feet of office space. The property,
which is 100% occupied, houses some of Manhattan’s premier companies
including Salomon Smith Barney, Hartford Fire Insurance, American Express and
the U.S. Securities and Exchange Commission.

The mortgage contains certain features which allow Blackstone, as the lender,
to share in the improvement in performance of the asset over time through its
maturity in 2006. Average rents in the building are currently $45 per square
foot, reflecting a significant discount to current market rents. Additional
terms of the transaction were not disclosed.

Steve Galiotos, a Managing Director of The Blackstone Group, said, “Rising
rental rates coupled with the lack of available office space in downtown
Manhattan, made 7 World Trade Center an attractive investment opportunity for
Blackstone. We are pleased to be a lender to Larry Silverstein, a seasoned
real estate veteran, on one of Manhattan’s trophy properties.” 7 World Trade
Center is the second investment made by Blackstone in a Silverstein office
building. In April 2000, Blackstone formed a joint venture with Larry
Silverstein and Walton Street Capital to own and operate the Equitable
Building at 120 Broadway in downtown Manhattan.

Larry Silverstein stated that “Blackstone has one of the most exceptional
track records in real estate investment and we are pleased to have them as a
primary lender to a premier New York office property. Their commitment
demonstrates the strength of this market.”

About Silverstein Properties, Inc.

Silverstein Properties Inc. is a Manhattan-based real estate development and
investment firm that owns, manages, and has developed more than 20 million
square feet of office, residential and retail space. The office space is
located primarily in the financial district of downtown Manhattan and along
Fifth Avenue in midtown. Current projects in development include River Place,
the entire 42nd Street block between 11th and 12th Avenues, with two 40-story
residential towers to contain a total of 1,800 apartments, retails and
parking facilities.

About The Blackstone Group L.P.

The Blackstone Group, a private investment bank with offices in New York and
London, was founded in 1985 by its Chairman, Peter G. Peterson, and its
President and CEO, Stephen A. Schwarzman. Blackstone’s Real Estate Group has
raised three funds representing approximately $3 billion in total equity. The
group has made around 100 separate investments in hotels and other commercial
properties with a total transaction value of about $11 billion. In addition
to real estate, The Blackstone Group’s core businesses include Mergers and
Acquisitions Advisory, Restructuring and Reorganization Advisory, Private
Equity Investing, Private Mezzanine Investing, and Liquid Alternative Asset
Investing.
———————————————————-

So the two guys that founded Blackstone, one of them was at this time the
chairman of the Federal Reserve Bank of New York (Peterson)
http://www.iie.com/institute/peterson-bio.cfm

Peter G. Peterson
Peter G. Peterson
Peter G. Peterson is senior chairman and co-founder of The Blackstone Group. He is founding chairman of the Institute for International Economics, chairman of the Council on Foreign Relations, and founding president of The Concord Coalition. Mr. Peterson was the co-chair of The Conference Board Commission on Public Trust and Private Enterprises (co-chaired by John Snow, former secretary of the treasury). He was also chairman of the Federal Reserve Bank of New York from (2000–04), chairman and CEO of Lehman Brothers (1973–77), later chairman and CEO of Lehman Brothers, Kuhn, Loeb Inc. (1977–84), and chairman and CEO of Bell and Howell Corporation (1963–71).

In 1971 President Richard Nixon named Mr. Peterson assistant to the president for international economic affairs. He was named secretary of commerce in 1972 and assumed the chairmanship of the National Commission on Productivity and was appointed US chairman of the US-Soviet Commercial Commission. Mr. Peterson was chairman of the US Council of the International Chamber of Commerce in 1978–79. President Ford appointed him chairman of the Quadrennial Commission on Executive, Legislative, and Judicial Salaries in 1976, and in 1994 President Clinton named him as a member of the Bipartisan Commission on Entitlement and Tax Reform.

Mr. Peterson is the author of several books, including Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It; Gray Dawn: How the Coming Age Wave Will Transform America—and the World; Will America Grow Up Before It Grows Old?; and Facing Up: How to Rescue the Economy from Crushing Debt and Restore the American Dream. His Atlantic Monthly cover article, “The Morning After,” received the National Magazine Award for Best Public Interest Article of the Year in 1987. He has been awarded honorary degrees by Colgate University, Georgetown University, George Washington University, Northwestern University, New School University, the University of Nebraska, the University of Rochester, and Southampton College of Long Island University. He is married to Joan Ganz Cooney, creator of Sesame Street.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
And the other guy (Schwarzman)attended Yale at the same time as G Bush. He
also was a member of a death cult with G Bush called Skull & Bones
http://www.nndb.com/org/723/000041600/
NNDB
This is a beta version of NNDB

Search: All Names Living people Dead people Band Names Book Titles Movie Titles Full Text for

Skull and Bones Society

ORGANIZATION

Founded in 1832 at Yale. Originally called the Eulogian Club. The society owns Deer Island in the St. Lawrence River.

Name Occupation Birth Death Known for
Victor Ashe Diplomat 1-Jan-1945   US Ambassador to Poland
Roy L. Austin Diplomat 13-Dec-1939   US Ambassador to Trinidad
David L. Boren Politician 21-Apr-1941   Governor and Senator from Oklahoma
Frank B. Brandegee Politician 8-Jul-1864 14-Oct-1924 US Senator, committed suicide
Christopher Buckley Novelist 1952   Thank You for Smoking
James L. Buckley Politician 9-Mar-1923   US Senator from New York, 1971-77
William F. Buckley Columnist 24-Nov-1925   National Review
William Bundy Government 24-Sep-1917 6-Oct-2000 Cold War advisor to JFK, LBJ
George H.W. Bush Head of State 12-Jun-1924   41st US President, 1989-93
George W. Bush Head of State 6-Jul-1946   43rd US President
Jonathan J. Bush Relative 1931   Brother of George H.W. Bush
Prescott Bush Politician 15-May-1895 8-Oct-1972 US Senator from Connecticut, 1952-63
Henry Sloane Coffin Religion 5-Jan-1877 25-Nov-1954 Meaning of the Cross
William Sloane Coffin Activist 1-Jun-1924 12-Apr-2006 Civilly disobedient chaplain
Chauncey Depew Politician 23-Apr-1834 5-Apr-1928 Co-Founder of the Pilgrims Society
Bill Donaldson Government 2-Jun-1931   SEC Chairman, 2003-05
Timothy Dwight Educator 14-May-1752 11-Jan-1817 President of Yale, 1795-1817
Irving Fisher Economist 27-Feb-1867 29-Apr-1947 The Theory of Interest
Evan Griffith Galbraith Business 2-Jul-1928   US Ambassador to France, 1981-85
W. Averell Harriman Diplomat 15-Nov-1891 26-Jul-1986 Ambassador to USSR, Governor of NY
John Heinz Politician 23-Oct-1938 4-Apr-1991 US Senator from Pennsylvania, 1977-91
Robert Kagan Government 26-Sep-1958   Influential neocon, cofounded PNAC
John Kerry Politician 11-Dec-1943   US Senator from Massachusetts
Eddie Lampert Business 19-Jul-1962   Billionaire, Chairman of Sears
Winston Lord Diplomat 17-Aug-1937   President, Council on Foreign Relations, 1977-85
Henry R. Luce Business 3-Apr-1898 28-Feb-1967 Founded Time Magazine
Archibald Macleish Poet 7-May-1892 20-Apr-1982 Conquistador
F. O. Matthiessen Critic 19-Feb-1902 1-Apr-1950 American Renaissance
Robert D. McCallum, Jr. Diplomat 1946   US Ambassador to Australia
Dana Milbank Journalist 27-Apr-1968   Washington Post White House reporter
Donald Grant Mitchell Author 12-Apr-1822 15-Dec-1908 Reveries of a Bachelor
John Negroponte Government 21-Jul-1939   US Deputy Secretary of State
Stephen A. Schwarzman Business 14-Feb-1947   Co-Founder, Blackstone Group
Frederick W. Smith Business 11-Aug-1944   Founder and CEO of Federal Express
Potter Stewart Judge 23-Jan-1915 7-Dec-1985 US Supreme Court Justice
Henry L. Stimson Government 21-Sep-1867 20-Oct-1950 US Secretary of War 1911-13, 1940-45
William Graham Sumner Educator 30-Oct-1840 12-Apr-1910 Laissez faire sociologist
Alphonso Taft Government 5-Nov-1810 21-May-1891 Attorney General under Grant
William Howard Taft Head of State 15-Sep-1857 8-Mar-1930 27th US President, 1909-13
Strobe Talbott Government 25-Apr-1946   Time journalist, Deputy Secy. of State
James W. Wadsworth, Jr. Politician 12-Aug-1877 21-Jun-1952 US Senator from New York, 1915-27
Morrison Waite Judge 29-Nov-1816 23-Mar-1888 US Supreme Court Chief Justice, 1874-88
George Herbert Walker III Diplomat c. 1931   US Ambassador to Hungary
James Whitmore Actor 1-Oct-1921   Tora! Tora! Tora!
William C. Whitney Business 5-Jul-1841 2-Feb-1904 US Secretary of the Navy 1885-89
Do you know something we don’t?
Submit a correction or make a comment about this profile

Copyright ©2008 Soylent Communications

Bush and Schwarzman were even roommates at Yale
http://uk.askmen.com/specials/2007_top_49/stephen-schwarzman-37.html

Stephen Schwarzman

Why He’s No. 37

Stephen Schwarzman, chairman, CEO and cofounder of the Blackstone Group, the world’s leading private-equity firm, became news when his company went public early in the year. Following an SEC filing, Blackstone disclosed their annual earnings for the first time in their history, and Schwarzman’s personal worth was estimated to be in the several billions.

2007 Resume

  • Listed as one of Time magazine’s 100 Most Influential People for 2007.
  • Ranked by Forbes magazine as the 73rd richest person in the U.S., with an estimated net worth of about $3.5 billion.
  • Estimated to be worth over $7.7 billion in Blackstone stocks.
  • Received $800 million for the Blackstone IPO.
  • Had $3 billion non-voting stocks in the Blackstone Group purchased by the government of China.
  • Announced Blackstone’s plans to obtain Hilton Hotels in an all-cash deal worth $26 billion.

Behind the Scenes

Schwarzman’s link to people in power extends beyond the world of high finance and big business, as he and President George W. Bush were roommates while attending Yale University in the 1960s. Their relationship was further cemented by virtue of the fact that they were also Skull and Bones brothers during that time. In addition to his towering status in the world of business, the Blackstone chief is also Chairman of the Board of Trustees of the John F. Kennedy Center for the Performing Arts, and has served as an adjunct professor at the Yale School of Management.       

2007 Manly Moment

When Schwarzman turned 60 in February, the guest list at his Park Avenue bash in Manhattan was a who’s who of the business, entertainment and political elite, including Vernon Jordan (advisor to President Clinton), Barry Diller (creator of FOX Broadcasting Corp.) and Cardinal Edward Egan. Rod Stewart also provided a live concert (for a reported $1 million for 30 minutes).

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